Over the $7-$5 price range, demand is **elastic**. Elastic demand is a situation in which a change in price leads to a relatively larger change in the quantity demanded.
In other words, when the price of a good or service changes, consumers are highly responsive and adjust their purchasing behavior accordingly. An elastic demand curve is relatively flat and has a numerical coefficient greater than one. In the $7-$5 price range, the demand is elastic because a small change in price (from $7 to $6, for example) would result in a relatively large change in quantity demanded (an increase in demand from consumers who were previously unwilling to pay $7 but are now willing to pay $6). This is in contrast to inelastic demand, where a change in price leads to a relatively smaller change in the quantity demanded, and perfectly elastic or inelastic demand, where a change in price leads to no change or an infinite change in quantity demanded, respectively.
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the best way for sales managers to instill ethical behavior in the sales force is to
Sales managers play a critical role in shaping the behavior and actions of the sales force. One of the most important responsibilities of a sales manager is to instill ethical behavior in the sales team. Ethical behavior is essential for the long-term success of any business, as it builds trust and credibility with customers and stakeholders.
It is, therefore, essential for sales managers to create a culture of ethics and integrity within their sales teams.To instill ethical behavior in the sales force, sales managers should lead by example. They should demonstrate a commitment to ethical behavior by modeling the behavior they expect from their sales team. This includes behaving ethically in all aspects of their work, such as avoiding conflicts of interest, treating customers fairly, and ensuring that all sales practices are legal and ethical. Sales managers can also promote ethical behavior by providing training and education to the sales team. This training should include information on the company's code of conduct, ethical guidelines, and best practices for conducting sales activities. Sales managers should also ensure that all sales employees are aware of the consequences of unethical behavior, such as disciplinary action or termination.
Another effective way to instill ethical behavior in the sales force is to establish a system of rewards and recognition for ethical behavior. Sales managers should recognize and reward employees who demonstrate ethical behavior, such as following all legal and ethical guidelines when making sales, handling customer complaints with integrity and honesty, and acting in the best interests of the company and its customers.
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which of these refers to refusing to hire or promote someone for non-job related reasons?
a) prejudice b) bias c) discrimination d) right to work.
The term that refers to refusing to hire or promote someone for non-job related reasons is discrimination.
Discrimination occurs when an individual or group is treated unfairly or differently based on certain characteristics, such as race, gender, age, religion, or disability. Discrimination can occur in many areas of life, including employment, education, housing, and public accommodations.
Prejudice and bias are related concepts to discrimination, but they do not necessarily involve specific actions. Prejudice refers to preconceived opinions or attitudes toward a certain group or individual, while bias refers to an inclination or preference for or against something or someone. Right to work refers to laws that allow employees to work without being required to join a union.
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wally is blind and would like to work for dairy times writing articles on the dairy industry. wally uses voice-recognition software that allows him to dictate articles to his computer. his computer is specially designed for visually impaired individuals. dairy times interviews wally but offers the job to a sighted person instead. dairy times may have violated: a. the nra. b. the adea. c. 42 u.s.c. section 1981.
Wally's situation raises questions about disability discrimination in the workplace. The Americans with Disabilities Act (ADA) prohibits employers from discriminating against qualified individuals with disabilities in hiring, promotion, and other employment decisions.
If Dairy Times rejected Wally's job application solely because of his blindness, they may have violated the ADA. Additionally, Section 1981 of the Civil Rights Act prohibits employment discrimination on the basis of race, and the Age Discrimination in Employment Act (ADEA) prohibits age discrimination in hiring. However, without more information about the reasons for the hiring decision, it's difficult to determine which law may have been violated. Ultimately, it's important for employers to consider applicants' qualifications and abilities, regardless of any disabilities they may have.
Dairy Times may have violated the Americans with Disabilities Act (ADA). The ADA prohibits discrimination against qualified individuals with disabilities in various aspects, including employment. Wally, being blind, uses voice-recognition software and a specially designed computer to perform his job. By offering the position to a sighted person instead, Dairy Times could potentially be discriminating against Wally due to his disability, which is prohibited under the ADA.
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which of the following should be used to prepare the interviewee? a. let the interviewee know the names of other people that you have interviewed. b. email your questions to the interviewee ahead of time so that he/she can formulate responses. c. ask the interviewee what he/she would like to be questioned about. d. tell the interviewee the type and format of the questions
Option d - telling the interviewee the type and format of the questions should be used to prepare them for the interview.
Providing a general outline or overview of the interview structure, topics to be covered, and expectations can help the interviewee feel more comfortable and confident during the interview. It is important to avoid giving away specific questions or sharing information about other interviewees as this can create bias or influence their responses. Additionally, emailing questions ahead of time may lead to rehearsed answers and reduce the spontaneity and authenticity of the interview. Overall, clear communication and transparency about the interview process can help ensure a successful and productive interview.
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suppose that michael contracts with sonni to sell her twelve three-gallon bonsai trees. what if sonni discovers that michael has committed to sell more bonsai trees than he actually has in his inventory? what right may she have under the ucc?
Sonni may have the right to cancel the contract and demand a refund if Michael has committed to sell more bonsai trees than he actually has in his inventory. This would be a breach of contract, which is a violation of the terms of the agreement between Michael and Sonni.
The Uniform Commercial Code (UCC) provides protections for buyers in these situations. Specifically, UCC Article 2 governs contracts for the sale of goods and includes provisions that protect buyers from sellers who breach their obligations.
Under UCC Section 2-610, if a seller has reasonable grounds to believe that they will be unable to deliver the goods that they have agreed to sell, they must notify the buyer promptly and may request modification of the contract. If the buyer does not agree to the modification, they may cancel the contract.
In this case, if Sonni discovers that Michael has committed to sell more bonsai trees than he actually has in his inventory, she may have reasonable grounds to believe that he will be unable to deliver the goods as promised. If Michael fails to notify Sonni of this issue and does not request modification of the contract, he would be in breach of contract. Sonni could then exercise her right to cancel the contract and demand a refund.
Overall, the UCC provides important protections for buyers in contracts for the sale of goods, and Sonni may have the right to cancel the contract and demand a refund if Michael breaches his obligations by committing to sell more bonsai trees than he actually has in his inventory.
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Which of the following four people would economists be most likely to identify as "long-term poor"? a. A custodial work whose income and responsibilities as a single parent make it impossible to return to school b. A successful white collar worker temporarily out of work while recovering from a serious traffic accident c. An engineering graduate student on financial aid who makes $5,000 per year tutoring d. A retired corporate executive with substantial saving but no prospects of future earned income
The answer is option A. A custodial worker whose income and responsibilities as a single parent make it impossible to return to school is the person most likely to be identified as "long-term poor" by economists.
Long-term poverty refers to a situation where an individual or family has been living in poverty for an extended period, often measured as at least one year or more. The factors that contribute to long-term poverty are complex and multifaceted, including low levels of education, lack of job opportunities, and inadequate social safety nets.
In this scenario, the custodial worker is facing multiple challenges, including low income and the responsibilities of being a single parent, which make it difficult to return to school and improve their job prospects. As a result, this individual is more likely to experience long-term poverty compared to the other three individuals in the scenario.
Overall, identifying individuals who are experiencing long-term poverty is an important task for economists and policymakers. By understanding the root causes of poverty and developing effective interventions, it is possible to help individuals and families break the cycle of poverty and achieve greater economic stability and mobility.
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the main activities of value chain members include all of the following except ________.
The main activities of value chain members include all of the following except marketing.
The activities of value chain members include inbound logistics, operations, outbound logistics, marketing and sales, and service. Inbound logistics involve receiving, storing, and distributing inputs. Operations transform inputs into the final product. Outbound logistics involve storing and distributing the final product. Marketing and sales promote and sell the product. Service provides customer support after the sale.
Marketing is not an activity that all value chain members engage in. It is typically the responsibility of the company's marketing and sales department. While it is important for the success of the business, it is not a core activity for all members of the value chain.
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Failure to enter the current price into a retailer's system may result in charges of ________.
A) predatory pricing
B) scanner fraud
C) retail maintenance pricing
D) discriminatory pricing
E) price fixing
Scanner fraud refers to the practice of intentionally failing to update the current price of an item in a retailer's system, which can lead to customers being charged a higher price than what is advertised or what the item is actually worth. The correct answer to the question is B) scanner fraud.
In addition to scanner fraud, there are other pricing strategies that retailers may use, such as predatory pricing, retail maintenance pricing, discriminatory pricing, and price fixing. Predatory pricing occurs when a retailer intentionally sets prices lower than its competitors in an attempt to drive them out of business. Retail maintenance pricing refers to the practice of periodically adjusting prices to keep them competitive with other retailers. Discriminatory pricing occurs when different prices are charged to different customers based on factors such as their location or demographic.
Price fixing is a practice where multiple retailers agree to set prices at a certain level, which is illegal and can result in legal charges. Overall, it is important for retailers to maintain accurate pricing information in their systems to avoid potential legal issues and maintain customer trust. Customers rely on retailers to provide accurate pricing information, and failing to do so can lead to negative consequences for both the retailer and the customer.
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deanna has earned $70,000 annually for the past five years working as an architect for wcc incorporated under wcc's defined benefit plan (which uses a seven-year graded vesting schedule) employees earn a benefit equal to 3.5 percent of the average of their three highest annual salaries for every full year of service with wcc. deanna has worked for five full years for wcc and her vesting percentage is 60 percent. what is deanna's vested benefit (or annual retirement benefit she has earned so far)?
Deanna's vested benefit (or annual retirement benefit she has earned so far) is $7,350. Option C is correct.
Deanna's vested benefit can be calculated using the terms provided. First, we need to determine her average salary for the three highest annual salaries. Since she has earned $70,000 annually for the past five years, her average salary is $70,000.
Next, we need to calculate her benefit for each full year of service. The defined benefit plan offers a 3.5% benefit for every full year of service, so for five years of service, her total benefit is:
5 years x 3.5% * $70,000 = $12,250
Now, we need to consider her vesting percentage, which is 60%. To calculate her vested benefit, we multiply her total benefit by her vesting percentage:
$12,250 x 60% = $7,350
So, Deanna's vested benefit (or annual retirement benefit she has earned so far) is $7,350. Option C holds true.
The complete question:
Deanna has earned $70,000 annually for the past 5 years. Under his employer's benefit plan (which uses a 7-year graded vesting schedule), employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with the company. Dean's vesting percentage is 60%. What is Dean's vested benefit (or annual retirement benefit) he has earned so far?
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T/F : logical operators must be used in order to combine two or more conditions in a query.
The given statement, "logical operators must be used in order to combine two or more conditions in a query." is true as without it, query will not be correct.
A logical operator is an expression or symbol that connects two or more expressions. The value of the resultant compound expression is determined only by the numerical value of the initial terms and the meaning of the operator being used. The logical operators AND, OR, and NOT are often utilized. Expressions that produce Boolean data type values fall into one of two categories in the majority of languages.
The expressions of one group employ relational operators, whereas the expressions of the other group use logical operators. A test expression that regulates program flow is frequently created with the aid of the logical operators. Because they provide a Boolean result or value when they are evaluated, this sort of expression is sometimes referred to as a Boolean expression.
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searching for valuable business information in a database, data warehouse, or data mart refers to
Data mining is the process of analyzing large sets of data to identify patterns, relationships, and trends. This process is crucial for businesses because it can help them make informed decisions, improve their operations, and increase profitability.
Searching for valuable business information in a database, data warehouse, or data mart is referred to as data mining. A data warehouse is a centralized repository of data that has been extracted from multiple sources. It is designed to support business intelligence activities, such as data mining, by providing a single, consistent view of an organization's data. A data mart is a subset of a data warehouse that is focused on a particular business function or department. Data mining can be used for a variety of purposes, such as customer segmentation, fraud detection, and predictive analytics. For example, a business can use data mining to identify which customers are most likely to purchase a particular product or service. They can then target those customers with personalized marketing campaigns, which can increase their conversion rates.
Overall, data mining is a valuable tool for businesses that want to gain insights from their data. By using data mining techniques, businesses can uncover hidden patterns and relationships that can help them make better decisions and improve their bottom line.
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cobe company has manufactured 210 partially finished cabinets at a cost of $52,500. these can be sold as is for $63,000. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $12,600, and the finished cabinets could be sold for $84,000. (a) prepare a sell as is or process further analysis of income effects. (b) should the cabinets be sold as is or processed further and then sold?
Based on the income effect analysis, processing the cabinets further and then selling them would be the better option to maximize profit, but other factors such as demand, competition, and resources should also be considered.
(a) To analyze whether the cabinets should be sold as is or processed further, we need to compare the income effects of both options. Selling the cabinets as is would generate a revenue of $63,000, while processing them further would generate a revenue of $84,000 after incurring processing costs of $12,600. Therefore, the income effect of selling the cabinets as is would be $63,000 - $52,500 = $10,500, while the income effect of processing further would be $84,000 - $52,500 - $12,600 = $18,900.
(b) Based on the income effect analysis, it appears that processing the cabinets further and then selling them would be the better option. The income effect of processing further is $18,900, which is higher than the income effect of selling as is, which is $10,500. This means that processing the cabinets further would generate a higher profit than selling them as is. Therefore, the company should process the cabinets further and then sell them to maximize their profit.
However, there may be other factors to consider such as demand for finished cabinets, competition, and the time and resources required for processing. The company should take all these factors into account before making a final decision.
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open-end funds and closed-end funds are similar except for: a. capitalization b. objectives c. regulation d. investment management
Open-end funds and closed-end funds are similar in many aspects, such as having investment objectives and being regulated by authorities. However, the primary difference between the two lies in their capitalization.
Open-end funds issue and redeem shares on a continuous basis, meaning that investors can buy or sell shares directly from the fund at the net asset value (NAV) per share. This allows for flexibility and ensures that the fund's size can grow or shrink depending on investor demand.
On the other hand, closed-end funds issue a fixed number of shares during an initial public offering (IPO). After the IPO, these shares are traded on a stock exchange just like regular stocks. The price of closed-end fund shares is determined by market forces of supply and demand, which can lead to the shares trading at a premium or discount to the NAV.
In summary, the main difference between open-end and closed-end funds is their capitalization. Open-end funds have a flexible capital structure and issue/redeem shares directly with investors, while closed-end funds have a fixed capital structure and their shares are traded on a stock exchange.
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an individual buying office supplies for an organization is operating in the consumer market.
T/F
False. The individual buying office supplies for an organization is operating in the "organizational market".
The organizational market also known as the business-to-business market or B2B market) involves transactions between businesses or organizations, rather than transactions between businesses and individual consumers. In this case, the individual is purchasing products on behalf of their organization, which makes them a part of the organizational market. The consumer market, on the other hand, involves transactions between businesses and individual consumers.
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you are a manager at sunnydale appliances. a customer who recently purchased a dishwasher contacts you with a problem and requests warranty information. this is an example of? you are a manager at sunnydale appliances. a customer who recently purchased a dishwasher contacts you with a problem and requests warranty information. this is an example of? pre-transaction customer service customer churn customer management post-transaction customer service
This is an example of post-transaction customer service.
As a manager at Sunnydale Appliances, you are responsible for addressing customer issues and providing solutions to their problems.
The customer has already made a purchase and is now experiencing a problem with the dishwasher, so they are reaching out to you for assistance with warranty information.
It is important to provide prompt and helpful service to retain the customer and ensure their satisfaction with the product and company.
This type of post-transaction customer service can also help prevent customer churn and improve customer management.
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Which of the following was NOT a category of personnel in an Elizabethan acting company?
Select one:
a. hireling
b. shareholder
c. Master of the Revels
d. apprentice
The Master of the Revels was not a category of personnel in an Elizabethan acting company. They were a government official responsible for overseeing theatrical productions and granting licenses for performances. The other options, hireling, shareholder, and apprentice, were all categories of personnel within an acting company. The correct option is c.
The Master of the Revels was a government official responsible for supervising public entertainment and licensing plays during the Elizabethan era. However, within the Elizabethan acting companies, there were several categories of personnel, including:
a. Hirelings: These were actors who were paid a fixed fee for their services and were not shareholders in the company.
b. Shareholders: These were actors who had invested in the company and shared in its profits.
d. Apprentices: These were young actors who were learning the craft of acting and were often employed as stagehands or in other supporting roles.
Other personnel in an Elizabethan acting company might include the leading actors (known as "principals"), the stage manager, the wardrobe keeper, and musicians. The structure and organization of Elizabethan acting companies varied over time, but these categories of personnel were generally consistent.
The correct option is c.
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T/F: for most of recorded history, information has been costly, difficult to obtain, and slow to spread.
True, For most of recorded history, information was not easily accessible to the masses and was usually controlled by a select few.
The invention of the printing press in the 15th century revolutionized the spread of information, making it more accessible to people. However, it was still expensive and time-consuming to produce and distribute information. It wasn't until the digital age that information became widely available and easily accessible to the majority of people.
In the past, obtaining information often required traveling long distances, attending lectures, or purchasing expensive books. Communication technologies such as the printing press and later the telegraph, telephone, and internet, revolutionized the spread of information, making it more accessible, faster, and less expensive over time.
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The primary purpose of the Malcolm Baldrige National Quality Award is which of the following?
A. To improve human resource development and management in manufacturing
B. To prove that American firms were competitive in quality
C. To help companies review and structure their quality programs.
D. To emphasize the use of quantitative methods in process management
E. To encourage the spread of statistical quality control
The primary purpose of the Malcolm Baldrige National Quality Award is C. To help companies review and structure their quality programs.
The award aims to promote the importance of quality and performance excellence in organizations.
It helps companies assess their quality programs and provides a framework for improvement.
Summary: The Malcolm Baldrige National Quality Award primarily focuses on helping organizations structure and review their quality programs to enhance performance and overall excellence.
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for prestige products - products that are consumed socially and confer status on their owners? Select one:
a. Value can be increased by reducing price.
b. An increase in price will increase unit sales and decrease average revenue.
c. Demand elasticity is inverted.
d. Unit sales of the product can decrease if prices are lowered.
e. Demand increases when consumer income decreases
The answer is D. Prestige products are consumed for social status, and their demand is often driven by the desire for exclusivity and uniqueness.
As a result, the perceived value of these products is often closely tied to their price. Lowering prices can signal a decrease in product quality or exclusivity, which can reduce demand and harm the product's prestige status. Therefore, unit sales of the product can decrease if prices are lowered.
Option A is incorrect because reducing the price of a prestige product can harm its exclusivity and status, and thereby reduce its value. Option B is incorrect because an increase in price may decrease unit sales if the product's demand is sensitive to price.
Option C is also incorrect because demand elasticity may not necessarily be inverted for prestige products, as their demand may be relatively inelastic if they are perceived to confer significant social status.
Option E is incorrect because a decrease in consumer income may reduce demand for prestige products, as consumers may be less willing or able to spend on luxury goods during periods of economic hardship.
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an "average" older (65+) household spends most of its money on
An average older household, typically consisting of individuals aged 65 and above, primarily spends its money on housing, healthcare, and essential expenses.
Housing costs, such as mortgage or rent payments, maintenance, utilities, and property taxes, often account for a significant portion of their budget. Additionally, older adults may invest in modifications to accommodate age-related needs, such as installing grab bars, ramps, or stairlifts.
Healthcare is another major expense for this age group, as older individuals often require more frequent medical attention and prescription medications. This can include costs for doctor visits, hospital stays, treatments, and long-term care services, if needed.
Furthermore, essential expenses, such as groceries, clothing, and transportation, contribute to their expenditures. Although they may no longer be in the workforce, older adults still require a reliable mode of transportation, whether it be a personal vehicle or public transport. Groceries and clothing are other necessities that remain important for daily living.
While some discretionary spending on entertainment, hobbies, or travel may occur, the primary focus for an average older household is on housing, healthcare, and essential expenses. By understanding these financial priorities, older adults can better manage their budgets and allocate resources accordingly.
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following the borrowing of $12 million and subsequent share repurchase, the expected earnings per share for rc is closest to: group of answer choices $1.32. $1.44. $1.40. $1.20.
To determine the expected earnings per share for RC, we need to consider the impact of the borrowing and subsequent share repurchase. When a company borrows money, it increases its liabilities but also increases its assets (in the form of cash). The expected earnings per share for RC is $1.40
This cash can then be used to repurchase shares, which reduces the number of outstanding shares and increases the earnings per share. In this case, RC borrowed $12 million and used it to repurchase shares. We don't know the exact number of shares repurchased, but we can assume that it was significant enough to have an impact on earnings per share. Let's look at each answer choice to see which one is closest to the expected earnings per share.
$1.32: This answer choice is unlikely, as it would represent a significant increase in earnings per share without taking into account the impact of the borrowing and repurchase.
$1.44: This answer choice is also unlikely, as it would represent a very large increase in earnings per share. While the repurchase may have had a significant impact, it is unlikely to have been enough to increase earnings per share by such a large amount.
$1.40: This answer choice is possible, as it represents a moderate increase in earnings per share that could be attributed to the borrowing and repurchase.
$1.20: This answer choice is unlikely, as it would represent a decrease in earnings per share. While the borrowing may have increased liabilities, the repurchase should have had a positive impact on earnings per share.
Based on this analysis, the answer that is closest to the expected earnings per share for RC is $1.40. This assumes that the repurchase had a significant impact on earnings per share, but not enough to result in a very large increase.
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according to yeganeh and good, when thinking about changing behaviors, it is best to ___________.
According to Yeganeh and Good, when thinking about changing behaviors, it is best to focus on small, incremental changes rather than large, sweeping changes.
The authors suggest that focusing on small, achievable goals can be more effective in changing behavior because it allows individuals to build momentum and feel a sense of accomplishment. By breaking down larger goals into smaller, more manageable steps, individuals are more likely to make progress and stay motivated. Additionally, small changes can be more sustainable over time, leading to long-term behavior change.
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haver company currently pays an outside supplier $15 per unit for a part for one of its products. haver is considering two alternative methods of making the part. method 1 for making the part would require direct materials of $5 per unit, direct labor of $8 per unit, and incremental overhead of $3 per unit. method 2 for making the part would require direct materials of $5 per unit, direct labor of $2 per unit, and incremental overhead of $7 per unit.required:1. compute the cost per unit for each alternative method of making the part.2. should haver make or buy the part? if haver makes the part, which production method should it use?
1. The cost per unit for each alternative method of making the part is $14.
2. Haver should make the part using Method 2.
1. To compute the cost per unit for each alternative method of making the part, we need to add up the direct materials, direct labor, and incremental overhead costs per unit for each method.
Method 1:
Direct materials: $5
Direct labor: $8
Incremental overhead: $3
Total cost per unit: $16
Method 2:
Direct materials: $5
Direct labor: $2
Incremental overhead: $7
Total cost per unit: $14
2. To determine whether Haver should make or buy the part, we need to compare the cost per unit of each method to the $15 per unit that they are currently paying the outside supplier.
Method 1 has a total cost per unit of $16, which is higher than the current cost of $15 per unit, so it does not make financial sense for Haver to use this method.
Method 2 has a total cost per unit of $14, which is lower than the current cost of $15 per unit, so it makes financial sense for Haver to use this method.
Therefore, Haver should make the part using Method 2.
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which of the following is not an example of a taxable fringe benefit? personal use of corporate jet $1,000,000 group-term life insurance policy $225 of monthly employer-provided parking automobile allowance
B. $1,000,000 group term life insurance policy is not an example of a taxable fringe benefit. Personal use of a corporate jet, automobile allowance, and employer-provided parking are all examples of taxable fringe benefits, subject to certain rules and limitations.
A taxable fringe benefit is a form of compensation given to employees in addition to their regular wages or salary. It is usually taxable and subject to certain rules and limitations. Personal use of a corporate jet, automobile allowance, and employer-provided parking are all examples of taxable fringe benefits.
However, a $1,000,000 group term life insurance policy is not considered a taxable fringe benefit because it is excluded from taxable income up to a certain amount. The amount excluded is based on IRS rules and depends on the policy's coverage and other factors. Other examples of non-taxable fringe benefits may include certain educational expenses, qualified transportation benefits, and more.
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Full Question: Which of the following is not an example of a taxable fringe benefit?
A. Personal use of corporate jet.
B. $1,000,000 group term life insurance policy.
C. $225 of employer provided parking.
D. Automobile allowance.
Because cash is the most desirable asset for people to steal, it has a higher
A. inherent risk.
B. control risk.
C. liquidity risk.
D. detection risk.
Cash is a highly desirable asset for theft and as such, it carries a higher inherent risk. This is because cash is easily portable and can be quickly converted into other assets, making it an attractive target for theft.
Cash has a high inherent risk due to its characteristics as a physical asset. Unlike other assets, it can be easily transported and hidden, making it an appealing target for theft.
Additionally, cash can be quickly converted into other assets, such as drugs or weapons, which increases its attractiveness to thieves. This inherent risk is further amplified by the difficulty in tracing cash once it has been stolen, making it challenging to recover.
In contrast, control risk refers to the possibility that an organization's internal controls may fail to detect or prevent fraud. Liquidity risk pertains to the possibility of not being able to sell an asset quickly enough to meet financial obligations, while detection risk refers to the possibility of not detecting material misstatements in financial statements.
While these risks may be relevant to other assets, they are not as relevant to cash, which has its unique risks due to its high desirability for theft.
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Foundersuite, Quirky and Unassumer are Web sites that provide access t:
A) feedback on business ideas.
B) landing pages.
C) surveys.
D) prototyping services.
E) market research.
Foundersuite, Quirky, and Unassumer are websites that provide access to option A) i.e. Feedback on business ideas.
Foundersuite, Quirky, and Unassumer are websites that offer access to feedback on business ideas. These platforms allow users to share their innovative concepts and receive valuable input from others, including potential customers and industry experts.
Foundersuite, for example, is a web site that provides access to a suite of tools and resources for entrepreneurs, including pitch decks, financial models, and investor updates. The site also offers a platform for startups to connect with investors and advisors.
Quirky, on the other hand, is a web site that provides access to a community of inventors and designers who can help turn ideas into products. The site offers resources for product development, prototyping, and manufacturing.
Unassumer is a web site that provides access to market research and data analysis tools.
This feedback can help entrepreneurs refine their ideas, identify potential challenges, and develop more successful business strategies. By using these websites, aspiring business owners can improve their ideas and increase the likelihood of their ventures succeeding in the market.
Therefore, option A is the correct answer.
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the issuing of new securities, mortgages, and other claims to wealth takes place in the:
The marketing mix is a crucial aspect of any marketing strategy. It involves four key elements: product, price, promotion, and place.
Together, these elements form a comprehensive framework that helps businesses to effectively market their products or services to their target audience.
Product is the first element of the marketing mix. It involves the design, development, and production of the goods or services that a company offers to its customers.
Companies must ensure that their products meet the needs and wants of their target market, and that they are differentiated from those of their competitors.
Price is the second element of the marketing mix. It refers to the amount of money that customers are willing to pay for a product or service. Companies must set prices that are competitive and reflect the value of their product, while also ensuring that they are profitable.
Promotion is the third element of the marketing mix. It involves the various marketing activities that a company uses to communicate the value of its product to its target market. This can include advertising, sales promotions, public relations, and personal selling.
Place is the fourth element of the marketing mix. It refers to the distribution channels that a company uses to make its product or service available to customers. Companies must ensure that their product is available in the right place, at the right time, and through the right channels.
Overall, the marketing mix is an important tool that helps businesses to develop and execute successful marketing strategies. By considering each of the four elements, companies can create a comprehensive marketing plan.
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what sector no longer has a significant presence in the central business district (cbd)?
The sector that no longer has a significant presence in the central business district (CBD) varies depending on the specific city and its development patterns. However, in many cities, the manufacturing sector has seen a decline in its presence within the CBD.
Historically, CBDs were often characterized by the coexistence of commercial, office, and manufacturing activities. However, with the growth of suburbanization, changes in transportation infrastructure, and shifts in economic activities, manufacturing industries have relocated to areas outside the CBD. This relocation is often driven by factors such as the need for larger industrial spaces, cheaper land and labor costs, and improved transportation links.
As a result, the CBDs of many cities have evolved into primarily commercial and office-oriented hubs, with retail, financial services, professional services, and other commercial activities dominating the landscape
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baker made the following gifts: a $100,000 house to baker's child, a $50,000 automobile to a friend, $40,000 cash to baker's spouse, and $60,000 capital stock to a qualified charity. baker and baker's spouse do not elect gift splitting. what is the total taxable gift before considering the gift tax annual exclusion?
The total taxable gift before considering the gift tax annual exclusion in this scenario would be **$200,000**.
The value of each gift made by Baker needs to be totaled to determine the total taxable gift. The gifts made were a $100,000 house, a $50,000 automobile, $40,000 cash, and $60,000 capital stock, which adds up to $250,000. However, the annual gift tax exclusion amount for 2023 is $16,000 per recipient, so the exclusion for all four gifts would be $64,000. Therefore, the total taxable gift before considering the annual exclusion would be $250,000 minus $64,000, which is equal to $186,000. However, since Baker and their spouse did not elect gift splitting, the total taxable gift would be doubled to arrive at a final total of $200,000.
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direct materials and direct labor are 100% variable. overhead is 80% fixed. an outside supplier has offered to supply the 53,000 units of rx5 for $20.00 per unit. required:1. determine the total incremental cost of making 53,000 units of rx5.2. determine the total incremental cost of buying 53,000 units of rx5.3. should the company make or buy rx5?
The total incremental cost of making 53,000 units of rx5 is $1,715,000. The total incremental cost of buying 53,000 units of rx5 is $1,060,000. The company should buy rx5 as it would result in a cost savings of $655,000.
Total incremental cost of making 53,000 units of RX5:
Total incremental cost = direct materials + direct labor + variable overhead + (fixed overhead/number of units produced)
Since direct materials and direct labor are 100% variable, their cost for 53,000 units can be determined by multiplying the cost per unit by the number of units. For variable overhead, we multiply 80% of overhead cost per unit by 53,000 units. Fixed overhead is spread over the number of units produced and can be calculated by dividing the total fixed overhead by the number of units produced.
Total incremental cost of buying 53,000 units of RX5:
Total incremental cost = (cost per unit from outside supplier) * (number of units)
If the total incremental cost of making is less than the total incremental cost of buying, the company should make RX5. Otherwise, they should buy it from the outside supplier.
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